Two-Unit Duplex with Detached
New
For Sale
$174,900
2542 N 53rd St, Milwaukee, WI 53210
Vacant units offer flexibility for an owner occupant or rental operation, with a shared basement and alley-accessible garage.
Property Size1,402 SF
Price / SF$124.75
Days on Market7
Property Features for 2542 N 53rd St
General Information
Standard status
Active
Size
1,402 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1928
Listing Agency:
Dream Realty LLC
Listed By:
Larry Pundsack Jr · License #8032694
(414) 732-6676
Source:
Nikolicgroup
Added: Oct 1
Last Checked: Oct 5 at 11:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dream Realty LLC
Investment Insights
Based on property information with market context.
This Milwaukee duplex contains two vacant apartments: a lower 2-bedroom, 1-bath unit and an upper 1-bedroom, 1-bath unit. The 1,402-square-foot building dates to 1928. LVP flooring is present in both apartments; the lower unit also has a formal dining room with natural woodwork and stainless steel appliances. A shared full basement includes laundry hookups.
A detached 2.5-car garage is reached from the alley. The property also has vinyl siding and a fenced yard.
A detached 2.5-car garage is reached from the alley. The property also has vinyl siding and a fenced yard.
Key Highlights
- Two vacant units: 2BR/1BA lower apartment and 1BR/1BA upper apartment
- 1,402‑square‑foot duplex built in 1928
- LVP flooring in both units; lower apartment includes stainless steel appliances and a formal dining room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,103
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,060
$282.1K
Cap Rate 7%
$201,471
$201.5K
Cap Rate 9%
$156,700
$156.7K
Market Conditions
NOI Build-Up for 1,402 SF
Gross rent
$21.0K $15.00/SF
− Vacancy
−$883 −$0.63/SF
EGI
$20.1K $14.37/SF
− OpEx
−$6.0K −$4.31/SF
NOI
$14.1K $10.06/SF
Area
Milwaukee, WI
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,060
Cap Rate 7%
$201,471
Cap Rate 9%
$156,700
Alternative Uses
Best Use
Multifamily LT 5
$201.5K
$176.3K – $235.1K
NOI $14,103 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$186.5K
$163.2K – $217.6K
NOI $13,058 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$336.9K
$294.8K – $393.1K
NOI $23,584 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
939
Businesses Nearby
Explore this area
Business Placement
Demographics for 53210, WI
25,588
Population
11,005
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
2.6 sq mi
ZIP Area
9,842
Density / Sq Mi
$45,268
Median Household Income
$35,797
Median Earnings
$1,044
Median Rent
$153,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant units offer flexibility for an owner occupant or rental operation, with a shared basement and alley-accessible garage.
Where is this duplex located?
The property is located at 2542 N 53rd St Milwaukee, WI.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Two vacant units: 2BR/1BA lower apartment and 1BR/1BA upper apartment; 1,402‑square‑foot duplex built in 1928; LVP flooring in both units; lower apartment includes stainless steel appliances and a formal dining room
